Robeco Institutional Asset Management B.V. Raises Stock Holdings in Atlassian Corporation PLC $TEAM

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Atlassian Corporation by 8.6%, owning 56,419 shares valued at approximately $11.46 million by the end of Q2.
• A variety of hedge funds notably boosted their positions in Atlassian, with Clean Yield Group increasing its holdings by 372.0% in Q1, indicating strong institutional interest in the company.
• Analyst ratings for Atlassian vary, with a consensus of "Moderate Buy" alongside a price target reduction from multiple brokerages, suggesting some concern over future performance.

Robeco Institutional Asset Management B.V. boosted its position in shares of Atlassian Corporation PLC (NASDAQ:TEAM - Free Report) by 8.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 56,419 shares of the technology company's stock after acquiring an additional 4,463 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Atlassian were worth $11,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TEAM. Clean Yield Group increased its holdings in Atlassian by 372.0% in the 1st quarter. Clean Yield Group now owns 118 shares of the technology company's stock worth $25,000 after buying an additional 93 shares during the period. Smithfield Trust Co boosted its holdings in shares of Atlassian by 90.7% in the 1st quarter. Smithfield Trust Co now owns 164 shares of the technology company's stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Atlassian by 447.2% in the first quarter. Geneos Wealth Management Inc. now owns 197 shares of the technology company's stock worth $42,000 after acquiring an additional 161 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Atlassian by 25.9% in the first quarter. First Horizon Advisors Inc. now owns 267 shares of the technology company's stock worth $57,000 after acquiring an additional 55 shares during the period. Finally, State of Wyoming raised its holdings in shares of Atlassian by 20.3% during the first quarter. State of Wyoming now owns 278 shares of the technology company's stock worth $59,000 after purchasing an additional 47 shares during the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TEAM. Citigroup cut their price target on Atlassian from $300.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Capital One Financial lowered Atlassian from an "overweight" rating to an "equal weight" rating and set a $211.00 target price on the stock. in a report on Wednesday, July 16th. Canaccord Genuity Group decreased their price target on Atlassian from $255.00 to $230.00 and set a "buy" rating for the company in a report on Friday, August 8th. Cantor Fitzgerald dropped their price objective on shares of Atlassian from $256.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Atlassian in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.74.

Atlassian Trading Down 0.4%

TEAM opened at $150.49 on Monday. The firm has a market capitalization of $39.48 billion, a price-to-earnings ratio of -152.01 and a beta of 0.92. The company's 50 day simple moving average is $171.67 and its two-hundred day simple moving average is $195.18. Atlassian Corporation PLC has a 1-year low of $147.40 and a 1-year high of $326.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.22 and a quick ratio of 1.22.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. Atlassian had a negative return on equity of 14.77% and a negative net margin of 4.92%.The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned $0.66 earnings per share. The business's revenue was up 22.3% compared to the same quarter last year. Atlassian has set its Q1 2026 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that Atlassian Corporation PLC will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael Cannon-Brookes sold 7,665 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $152.50, for a total value of $1,168,912.50. Following the completion of the sale, the chief executive officer owned 482,895 shares of the company's stock, valued at approximately $73,641,487.50. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott Belsky acquired 1,566 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of $153.10 per share, with a total value of $239,754.60. Following the completion of the transaction, the director owned 3,021 shares of the company's stock, valued at $462,515.10. The trade was a 107.63% increase in their position. The disclosure for this purchase can be found here. Insiders sold 536,278 shares of company stock valued at $95,933,994 in the last three months. 38.55% of the stock is currently owned by insiders.

Atlassian Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.

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